Wall St Set For Lower Open After March Payrolls Data

Wall Street was set to open lower on Friday after a non-farm payrolls report showed employers added more jobs than expected in March, a sign of economic resilience that could allow the Federal Reserve to gradually raise interest rates this year.

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The Labor Department's report showed employers added 215,000 jobs in March, more than the 205,000 estimated.

Unemployment rose to 5 percent from an eight-year low of 4.9 percent as more Americans continued to return to the labor force, a sign of confidence in the jobs market.

A separate report at 10 a.m. ET (1400 GMT) on Friday is expected to show the Institute for Supply Management's national manufacturing index rose to 50.7 in March from 49.5 in February.